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Cable Update (GBPUSD)

  • #551,221
  • Oct 5, 2020 3:22am Oct 5, 2020 3:22am
Quoting trade866
{quote} What that blue line is? Is it Half-trend indicator?
That is daily pivot indocator
  • #551,222
  • Oct 5, 2020 3:22am Oct 5, 2020 3:22am
Morning all. Dammit I missed the buy. Not chasing it now, and not going against this trend. Hopefully find some entries later. GL all!
  • #551,223
  • Oct 5, 2020 3:22am Oct 5, 2020 3:22am
Quoting pipfarm
{quote} Yes as i explained yesterday, the daily is in an upswing and the 4 hour in downswing meaning retracement , i was expecting the correction to go lower but does not matter as the 4 h is now moving in the same direction as the daily so will now look to buy dips if there are any. As for the daily i believe we have the old demand area around 3050 and the old resistance to be tested around 3263 Daily also has a supply level 3004 but so long as current price breaks that area the trend is reversed and no problem to go up higher

So far so good , letz see if we can get to 3050 area
Follow The Markets Structure - Patience and Discipline
  • #551,224
  • Oct 5, 2020 3:23am Oct 5, 2020 3:23am
Quoting okanemici
{quote} Eyeing 1.3030 to exit long and wait for lower to long again.
this is the area where the 20 period bollinger band is on the daily today. That's interesting...
I have no clue where it's going
  • #551,225
  • Oct 5, 2020 3:26am Oct 5, 2020 3:26am
Good vol @2915
COT: The precious data ignored
  • #551,226
  • Oct 5, 2020 3:28am Oct 5, 2020 3:28am
Quoting VM.
{quote} Closed my short with 45 pips loss. I maintain my view that there is no real progress with EU talks, and that more drama will follow, but timing is important. For now, PA is quite bullish, and I would wait for a better opportunity to short.
1.30 is the area to open short i guess
Twitter: Rummer_grapes
  • #551,227
  • Oct 5, 2020 3:30am Oct 5, 2020 3:30am
MY TP 1.30065 , MAJOR PERSISTENCE , ALSO AND ATR HIGH
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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ARE YOU READY?
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Click to Enlarge Name: gu1.png Size: 29 KB
yes yes yes
  • #551,228
  • Oct 5, 2020 3:36am Oct 5, 2020 3:36am
Quoting Bacco
Pending short 1.2990 Stop loss 1.31 Take profit 1.26
Adding short now and new pending at 1.2970, not sure if it gets to 2990.
Twitter: Rummer_grapes
  • #551,229
  • Oct 5, 2020 3:38am Oct 5, 2020 3:38am
Quoting Bacco
{quote} Adding short now and new pending at 1.2970, not sure if it gets to 2990.
careful, current h1 above 2950 it could get momentum up
  • #551,230
  • Oct 5, 2020 3:41am Oct 5, 2020 3:41am
GJ IS GOING MAKE IT ALL THE BACK TO 142.700
Attached Image (click to enlarge)
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EG IS IN A DROP MODE
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yes yes yes
  • #551,231
  • Oct 5, 2020 3:41am Oct 5, 2020 3:41am
Quoting gatenio
{quote} careful, current h1 above 2950 it could get momentum up
I ll try with false breakout
Twitter: Rummer_grapes
  • #551,232
  • Oct 5, 2020 3:46am Oct 5, 2020 3:46am
i will now short around R1 for the day.

waiting game
Intraday only.
  • #551,233
  • Oct 5, 2020 3:47am Oct 5, 2020 3:47am
i will short all rises again
Make money by doing the opposite of Giveachance aka loser
  • #551,234
  • Oct 5, 2020 3:49am Oct 5, 2020 3:49am
Look like it will retest the lower again, close my longed
Attached Image (click to enlarge)
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  • #551,235
  • Oct 5, 2020 3:53am Oct 5, 2020 3:53am
Quoting SCopier
{quote} That is daily pivot indocator
would you like to share this indicator/
thanks
  • #551,236
  • Oct 5, 2020 3:57am Oct 5, 2020 3:57am
Quoting imohsin360
{quote} would you like to share this indicator/ thanks
Here
Attached File(s)
File Type: mq4 PivotDaily.mq4   5 KB | 259 downloads
  • #551,237
  • Oct 5, 2020 3:57am Oct 5, 2020 3:57am
Buy GBP for target 1.3000. 1.2900 is biggest support for the pair
  • #551,238
  • Oct 5, 2020 4:19am Oct 5, 2020 4:19am
Friday high is broken , don't short this , it gonna fly
Attached Image(s) (click to enlarge)
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yes yes yes
  • #551,239
  • Oct 5, 2020 4:27am Oct 5, 2020 4:27am
It doesn't seem to have the strength to move higher. But my instincts say that it can.

GBPUSD October in the Spotlight
Risk Management is of utmost importance!
  • #551,240
  • Oct 5, 2020 4:29am Oct 5, 2020 4:29am
Personally
i will wait until h1 or better h4 close above 1.2958 for long

by the way , we have divergence on h1

good luck
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